Friday, August 1, 2025

Central Banks and Income Distribution: Does the Taylor Rule Push Up Rentier Incomes?

An explanation of how a favorite Fed rate setting tool, the Taylor Rule, promotes inequality by shifting income away from workers.

Links 7/28/2023

Some Thoughts on the Russian End Game in Ukraine

What might Russia do as Ukraine’s military weakens?

The Fallout from the Nigel Farage Debanking Scandal Continues to Spread

The share price of Coutts’ parent bank, semi-state owned Natwest, has slumped 8% over the past 10 days, wiping £1 billion off its market cap and generating juicy returns for short-selling hedge funds.

Revealed: Fossil Fuel Giants Are Using British Influencers to go Viral

Some badly-needed naming and shaming of soi-disant influencers who ran undisclosed advertorials for dirty energy companies

2:00PM Water Cooler 7/27/2023

~ Today’s Water Cooler ~

Alt-Media Is in Shock After the BRICS Bank Confirmed That It Complies with Western Sanctions

Andrew Korybko explains why the BRICS won’t move as quickly on the new reserve currency projects as enthusiasts suggest.

Links 7/27/2023

Hunter Biden Plea Deal Collapse: Dirty, Desperate Dealings in Delaware

Hunter Biden seems to have quite the affinity for hot water. Judge Noreika has sent his irregular plea deal back to the drawing board.

Energy Destinies – Part 7: Endgames – The Strait Jacket

A look at population growth and energy consumption shows that there is no way the world will change behavior enough to stop worst outcomes

The Balloon Goes Up – How Far Will The Nato Allies Go To Fight Their Losing War in The Ukraine — How Much More Will They Risk Losing of Their Post-1945 Territorial Gains?

Putin has cleared his throat to warn against NATO/Poland incursions into Western Ukraine. But will this red line too be ignored?

2:00PM Water Cooler 7/26/2023

~ Today’s Water Cooler ~

Former Apollo Chief Leon Black Has More Jeffrey Epstein ‘Splaining To Do with Tax Evasion, Alleged Rape of Autistic 16 Year Old

Shed a crocodile tear. Former private equity kingpin Leon Black is back in hot water thanks to his dealings with child rapist Jeffrey Epstein

Links 7/26/2023

The EU-Indonesia Fight Over Nickel and Who Gets to Own the Clean Energy Future

The situation also provides another example of the challenges of “derisking” from China.